Form 4: Reservoir Media Director Adam Rothstein Acquires Deferred Stock Units

Director Adam Rothstein of Reservoir Media, Inc. acquired 555 deferred stock units (DSUs) as part of his quarterly compensation.

Summary

• Adam Rothstein, a director at Reservoir Media, Inc., acquired 555 deferred stock units (DSUs) on November 8, 2024.
• These DSUs were awarded under the company's 2021 Omnibus Incentive Plan as part of his quarterly compensation for serving as a non-employee director.
• Rothstein elected to receive his compensation in DSUs instead of cash.
• The value of each DSU was calculated based on the closing price of Reservoir Media's common stock on the grant date, which was $9.00 per share.
• The DSUs will be settled in shares of common stock on January 1, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of DSUs by a director demonstrates alignment of interests with shareholders.
• The election to receive compensation in DSUs instead of cash shows confidence in the company's future performance.

Future Outlook

The DSUs will be settled in shares of common stock on January 1, 2025.

Management Comments

• The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash.

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many public companies use deferred stock units as part of their compensation packages for non-employee directors.
• This practice is common among companies of similar size and industry to Reservoir Media, such as Warner Music Group and Universal Music Group.
• The use of DSUs aligns director compensation with shareholder value creation, a common practice in corporate governance.

Stakeholder Impact

• Shareholders may view this positively as it aligns director interests with the company's performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Next Steps

• The DSUs will be settled in shares of common stock on January 1, 2025.

Key Dates

Keywords

Deferred Stock Units, DSUs, Director Compensation, Insider Transaction, Reservoir Media, RSVR, Equity Compensation